GAIL and Petron to Explore 500 KTA Bio-Ethylene Plant in India

GAIL (India) Limited and Petron Scientech Inc signed a Memorandum of Understanding (MoU) on August 21, 2024, to explore the development of a 500 KTA bio-ethylene plant in India. The proposed project, which will be based on bio-ethanol, is set to be a 50:50 joint venture between the two companies. They will conduct feasibility studies to evaluate the technical and financial aspects of the project before seeking investment approval from their respective management teams.

Rajeev Kumar Singhal, Director (Business Development) at GAIL, commented, “GAIL is proud to be part of India’s clean energy infrastructure and remains committed to sustainable development initiatives. We are thrilled to enter this strategic partnership with Petron, a leader in bio-ethanol to bio-ethylene technology. This MoU marks a significant step towards enhancing sustainable practices and advancing the bio-economy in India. The collaboration will leverage the strengths of both companies to drive technological innovation, economic growth, and environmental sustainability in the country.”

HBL